Top 10 AI Trending News on Wall Street

5. Amdocs Limited (NASDAQ:DOX)

Number of Hedge Fund Holders: 29

Amdocs Limited (NASDAQ:DOX) is a software infrastructure company offering software and services to providers of communications, entertainment, and media. It offers CES24, a set of embedded GenAI-driven assistants powered by the amAIz platform that allows service providers to transform their businesses. On March 3, the company confirmed the launch of Amdocs Studios, a digital service that empowers service providers in the telecommunications industry.

The new solution should cover every stage of the digital transformation process by combining expertise from experience design, generative AI, cloud services, and quality engineering. Launching the AI-powered solution should expand Amdoc’s footprint beyond the traditional telecom software market and into high-margin digital services. Additionally, the diversification approach should allay investor worries about Amdocs’ traditional market growth cap. Additionally, the integration of GenAI throughout all studios shows the company’s dedication to adding cutting-edge technologies to its service offering.

“Amdocs Studios represents our commitment to driving transformative results at scale,” said Ronen Levkovich, Group President of Amdocs Global Services. “By harnessing industry-leading expertise spanning experience design, digital engineering, GenAI, data, cloud, and quality engineering, we empower our customers to redefine their digital transformation journeys, unlocking new possibilities for the future.”